Registered number
SC509495
APOLLO FURNISHINGS LTD
Filleted Accounts
30 June 2023
APOLLO FURNISHINGS LTD
Registered number: SC509495
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 861 957
Current assets
Stocks 8,995 8,893
Debtors 4 6,809 4,792
Cash at bank and in hand 942 1,917
16,746 15,602
Creditors: amounts falling due within one year 5 (17,645) (11,097)
Net current assets/(liabilities) (899) 4,505
Total assets less current liabilities (38) 5,462
Creditors: amounts falling due after more than one year 6 (32,998) (41,684)
Net assets/(liabilities) (33,036) (36,222)
Capital and reserves
Called up share capital 100 100
Profit and loss account (33,136) (36,322)
Shareholder's funds (33,036) (36,222)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Robina Amjad
Director
Approved by the board on 19 March 2024
APOLLO FURNISHINGS LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 July 2022 2,000
At 30 June 2023 2,000
Depreciation
At 1 July 2022 1,043
Charge for the year 96
At 30 June 2023 1,139
Net book value
At 30 June 2023 861
At 30 June 2022 957
4 Debtors 2023 2022
£ £
Trade debtors 6,809 4,792
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 16,542 10,254
Taxation and social security costs 390 121
Other creditors 713 722
17,645 11,097
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,553 40,239
Director's loan account 1,445 1,445
32,998 41,684
APOLLO FURNISHINGS LTD SC509495 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2022 Mrs Robina Amjad No description of principal activity SC509495 2021-07-01 2022-06-30 SC509495 core:WithinOneYear 2022-06-30 SC509495 core:AfterOneYear 2022-06-30 SC509495 core:ShareCapital 2022-06-30 SC509495 core:RetainedEarningsAccumulatedLosses 2022-06-30 SC509495 2022-07-01 2023-06-30 SC509495 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC509495 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 SC509495 bus:Director40 2022-07-01 2023-06-30 SC509495 1 2022-07-01 2023-06-30 SC509495 2 2022-07-01 2023-06-30 SC509495 core:PlantMachinery 2022-07-01 2023-06-30 SC509495 bus:FRS102 2022-07-01 2023-06-30 SC509495 bus:FullAccounts 2022-07-01 2023-06-30 SC509495 2023-06-30 SC509495 core:WithinOneYear 2023-06-30 SC509495 core:AfterOneYear 2023-06-30 SC509495 core:ShareCapital 2023-06-30 SC509495 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC509495 core:PlantMachinery 2023-06-30 SC509495 2022-06-30 SC509495 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure